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Rental income £42,000 per annum with increases built-in.
Popular public house in mature residential area.
Good trading location on Main Road, just off High Street.
The property was appointed to good standard.
10-year term starting in August 2023.
Freehold investment £495,000 or nearest offer.
Freehold
OWNERS ACCOMMODATION
Also located at first floor is the PRIVATE ACCOMMODATION consisting of LOUNGE, KITCHEN/DINER, UTILITY ROOM and EN-SUITE DOUBLE BEDROOM. Please note the current tenant uses all accommodation for private use.
Sedgley resides in the north of the Dudley Metropolitan Borough and stands astride the A459 between Wolverhampton and Dudley, part of the Black Country within the Birmingham conurbation. It has a busy town centre with a number of retail and licensed premises attracting many corporate operators.
The White Lion sits on Bilston Road just off the high street and is a substantial property that is reputed to have been a public house since the early 1700’s. The property appears to be of brick construction with partially rendered elevations under a pitched slate roof. It stands in ample grounds having off street parking and trade garden.
The property is let for a term of 10 years from August 2023 on a full repairing and insuring basis producing a rent of £42,000 per annum exclusive of VAT, which increases by £1,000 p.a. until it reaches year 5. The rent is then fixed until the last two years of the term, at which point it is Index Linked.
TRADE AREAS
GROUND FLOOR
Main entrance to OPEN PLAN LOUNGE BAR, comfortably furnished with seating for approximately 40. SERVERY. TV ROOM with seating for 16. RESTAURANT being well planned, easy to operate with glazed aspect to the garden and seating for 60. CATERING KITCHEN. LADIES AND GENTLEMEN’S TOILETS.
LETTING ACCOMMODATION
Located at first floor are THREE EN-SUITE LETTING BEDROOMS being TWO DOUBLES and ONE SINGLE.
OWNERS ACCOMMODATION
Also located at first floor is the PRIVATE ACCOMMODATION consisting of LOUNGE, KITCHEN/DINER, UTILITY ROOM and EN-SUITE DOUBLE BEDROOM. Please note the current tenant uses all accommodation for private use.
BASEMENT
KEG CELLAR.
EXTERNAL
Lined tarmacadam CAR PARK for approximately 30 vehicles and additional private parking for 4. To the rear is an enclosed TRADE GARDEN which can accommodate up to 60 comfortably.
